Clinton Raises Cash for Clinton
Former President Bill Clinton will host an Washington, D.C. event for wife Sen. Hillary Rodham Clinton on March 20 at the Marriott Wardman Park hotel. The gathering is being billed as the kickoff of her campaign and fundraising effort inside the Beltway.
An invite for the event obtained by The Fix reveals the various levels of giving that the Clinton campaign has created for donors interested in her campaign.
Individuals can be a "founder" for $4,600, a "friend" for $2,300 or simply a "supporter" for $1,000. Want to join the "Event Committee"? A "chair" has to raise $100,000 for the gathering; $50,000 raised will get you a "co-chair" title and $25,000 makes you a "vice chair." All three distinctions get you an invite to a "thank you event", a VIP reception and a listing in the program.
Remember that with the price tag of the 2008 elections estimated at $1 billion (or more), convincing an individual to write a $2,300 (or $4,600) check is far less important than finding someone with a deep enough Rolodex to deliver 100 checks from their nearest and dearest friends.
The campaigns of President George W. Bush re-invented how political money was raised by turning bundling into an art form. The creation of the "Pioneers" and "Rangers" programs and the rewards offered these big givers is a blueprint being copied by Clinton as well as her rivals for both the Democratic and Republican nominations.
We've already heard talk in political circles about the vast sums of money Clinton is raising in hopes of making a show of strength when financial reports come out later this spring. Even with the groundswell of support for Sen. Barack Obama (D-Ill.), money remains Clinton's largest advantage in the race and one she is working to exploit.
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